KKR Posts Record Quarterly Profit
The private equity firm's adjusted net income rose 29% to $1.6 billion, beating analyst estimates.
Updated on Nov. 9, 2026 in Corporate Finance
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KKR reported record quarterly profit on Monday, with adjusted net income rising 29% to $1.6 billion, or $1.78 per share. Analysts' average estimate for the firm's per-share earnings was $1.59, according to LSEG data.
Why it matters
The results reflect strong fundraising and fee growth at one of the largest alternative asset managers, as its assets under management rose above $800 billion. Fee-related earnings rose on higher management fees and fee-related performance revenue.
KKR's shares rose 3% in premarket trading after adjusted net income climbed 29% to $1.6 billion, or $1.78 per share, against an analyst estimate of $1.59. The firm raised $25 billion in new capital in the three months ended September 30, and its assets under management rose above $800 billion.
The players
KKR
KKR is a global private equity and alternative asset management firm headquartered in New York that invests across private equity, credit, real estate, infrastructure, and energy.
Aon
Aon is a major global professional services firm specializing in insurance brokerage and risk management, and is the buyer of USI Insurance Services from KKR.
The details
KKR, headquartered in New York, said inflows were mainly driven by its credit and liquid strategies and real assets platform. The firm also closed the sales of data center cooling company CoolIT Systems and private aviation infrastructure platform Atlantic Aviation in the third quarter.
Timeline
- June 30 through November 4: KKR repurchased $567 million of its shares.
- Third quarter (three months ended September 30): KKR raised $25 billion in new capital.
- Monday, November 9, 2026: KKR reported its record quarterly profit.
- Fourth quarter: The $17 billion sale of USI Insurance Services to Aon is expected to close.
- 2030: KKR aims to surpass $1 trillion in assets.
Market Dynamics
KKR's assets under management above $800 billion place it on a path toward its stated goal of surpassing $1 trillion by 2030. The firm's growth in fee-related earnings reflects the broader expansion of private markets capital.
Investors holding KKR shares saw the stock rise 3% in premarket trading following the results. The firm's $567 million in share repurchases between June 30 and November 4 returns capital to shareholders.
The takeaway
KKR's record results show that large alternative asset managers can grow earnings while raising substantial new capital. Readers tracking private markets should watch whether the firm meets its target of surpassing $1 trillion in assets by 2030.
What happens next
The $17 billion sale of USI Insurance Services to Aon is expected to close in the fourth quarter and add roughly $2 billion to adjusted profit.
Further reading
Explore more corporate finance coverage for context on how large asset managers are growing their earnings.
Source note: This article includes information reported by Reuters.
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